elrs.kerala.gov.in: Apply for education loan subsidy scheme in Kerala

Last updated August 30, 2017

It was the Kerala Govt’s promise that an education loan subsidy scheme will launch in 2017. Dr. Tomas Issac announced it in the budget session that a category of students who failed to repay their education loans will get a repayment support from Government. Although the program has been in the news for a couple of months, only now it got a clarity with the launch of Elrs.kerala.gov.in, the official government website handling registration for the subsidy scheme. Here is everything you need to know about submitting the online application at Elrs.kerala.gov.in website for this programme which ends on 31st of October 2017.

Details of the Kerala Education loan subsidy and repayment support scheme

[quads id=”3″] [quads id=”4″] As per the finance ministry, the official name of Kerala’s aid for debt-redden educational loan customers is “Educational Loan Repayment Support Scheme.” This golden opportunity applies to the defaulters whose loan is currently classified as NPA and those who are paying the EMIs regularly. The state administration has taken necessary steps to stop the revenue recovery and court cases against the defaulters who avail the repayment support.

Details of the subsidy available under educational loan relief.

The scheme is outlined in such a way to provide the support for a period of four years. It is not a complete debt relief plan but a support from the government for the students or families ready to pay-back a reasonable amount to the banks. Please note that the subsidy is available up-to an upper limit of 9 Lakhs. Educational loan holders may choose from one of the following options as per the applicability.

For standard accounts: This is for loan accounts which are in good standing with the banks. The proposal expects the repayment to such an account has already commenced in between 2012 April to 2016 March 31 and is continuing. The govt. will help the students to repay the amount for the upcoming years.

For NPA Accounts: There are two options for loans classified as NPA or Non-Performing-Assets before 31-03-2016. They either have to agree with the bank for a one-time settlement by full payment or regularise/ reschedule the pending amount. The Kerala government will help the applicants to remit the dues in order regularise the account (up-to 4 Lakhs) or reschedule the EMIs (For loans from 4-9 Lakhs) to an acceptable sum. However, beneficiaries have to pay the defaulted amount decided by the banks up-front, upon successful approval of the claim and verification of the documents. This amount can be paid online through Elrs.kerala.gov.in.

Our advice for the applicants opting for the support scheme is to apply for the rescheduling of the educational loan. If you choose to close the loan account under the OTS one-time settlement, it may further affect your CIBIL score. Please keep mind that a good CIBIL credit report, is must for getting applying bank exams (SBI), and getting credit cards, housing/car/personal loan in the future.

[quads id=”9″] Kerala Government offers subsidy on principle and interest parts of the educational loan. The proposed sharing ratio/ contribution pattern is what you see below.

Eligibility for Education loan subsidy scheme in Kerala

Kerala government has a few eligibility requirements for the students applying for this scheme. Let’s check who all are eligible.

Available only for educational loans taken from Banks in Kerala including Gramin and Co-Operative Banks.

Students who take their admission under government/merit quota in a technical or professional course from a recognised institution are eligible. However, this clause is not applicable to Nursing Students.

Nurses who have a defaulted their loan could apply online for the subsidy scheme even if they took admission under management quota

Family income must be under the upper limit or 6 Lakh. Also, the current annual income of the applicant (if any) should be below four times the yearly amount repayable to the bank.

Relaxation applies to disabled and parents of the deceased students. They may refer the government order for clarifications

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Documents required for for filling application form at Elrs.kerala.gov.in

PAN: PAN card is must for the application. In case you don’t have a PAN Card, you can take one in the fast-track mode at NSDL website.

Aadhar Card: Govt. has made it clear earlier that you have to provide Aadhar for all govt subsidy schemes. Aadhar must be linked to PAN.

Scan the PAN and Aadhar card to an uploadable format.

Class 10 pass certificate is necessary for getting through the first page of the registration form on elrs.kerala.gov.in.

Eligibility certificate from Village Officer Counter signed by Grade-I gazetted Officer. Download the format.

Course completion certificate issued by the institution where the student studied. In a case of the discontinuation on medical grounds, a certificate from the head of the college is a must.

If applicable, the student or parent may also submit disability/death/salary certificate through the online form.

The process of filling online application form for the Kerala education loan subsidy through elrs.kerala.gov.in is straightforward and easy. Just make sure that you arrange all the certificates mentioned above before opening the ELRS. [quads id=”7″] [quads id=”8″]

ELRS means Education Loan Repayment System, a web application designed for collecting the registration from students. To begin, visit the official homepage of the educational loan repayment system, click here to login

Once you’re on the page as shown in the screenshot, click on “Student Registration” button.

We have found an error on the website Elrs.kerala.gov.in when you take the DOB. As you might have noticed, the year option is not scrollable for those who are born before 1989. One easy solution to bypass this bug is to keep clicking on the back-arrow icon near to the date selector. Open the drop-down menu again and confirm the application form listing more years.

Enter your mobile number and click on OTP button for SMS verification. Input the number in the SMS that you get from IM-KLMGV sender.

As you complete this page, click the “Submit” button for the next page. Here will see the options to upload the documents that we have mentioned earlier.

When you pass this stage of the registration form, a user ID and password for the portal Elrs.kerala.gov.in will be sent to your verified mobile number.

Save this login ID password for all future communication, and for correcting the application form in case of rejection from the bank.

Now, on the next page, you will find the claim form, which you’re going to submit online to the bank.

The application form asks a few information; details of the educational loan taken, course studied, annual income, the category of the applicant (whether NPA/Standard), etc.

They also require the details of the subsidy schemes already availed (if applicable).

Finally, you will see the option to submit the form online. A PDF copy of the registration form and uploaded documents will generate if everything goes as per the instructions. Download and print it.

What to expect post Elrs.kerala.gov.in registration

[quads id=”1″] [quads id=”2″] Students have to print of these documents, sign appropriately, and submit it to the bank from where they took the loan. They should also bring originals of the documents for verification purpose. Banks will check the information, and the claim will get a node if the applicant’s information satisfies their internal policies. The bank then decides on a claim amount to regularise the EMIs or settle the education loan. Students may login to Elrs.kerala.gov.in to see what they need to pay for activating the repayment support from Kerala Government. Just pay it within 90 days through the online portal, and that’s it. In the event of rejection, applicants may do the required changes in the official website itself and resubmit the application form.

Many people who have applied for the newly introduced education loan su scheme in Kerala are experiencing an issue with the OTP. Some were not getting a user ID and password after clicking the submit button as it was not working. Some others had a complaint that a reset password option is not there for ELRS Kerala website. Thanks to the CDIT team working on this web application, now we a button to retrieve user credentials on elrs.Kerala.gov.in website. Check it now. If your online application form for education subsidy got registered on the portal, you would be able to recover it through this option. Else, try to record again.

Reader Interactions

Comments

Praisy Ann Symonsays

Sir, can i edit the informations i had added in the portal after submitting it to the bank.

Hi Sir please assit i have changed my password last week now i cant login to my home page. password and username is correct but after entering password and username it is not going to home page it is just in the login page itself Please help me

Hi,I took the loan in 2013.Currently am working in a private organisation.Am i eligible for the loan?The eligibility certificate from village office should state that I do not have a job in formal/informal sector.Please clarify this.Is my income proof required as i am working in informal sector?

Hi, My loan amount was 259000 and I paid 215000. My outstanding amount is 164000. When I am submitting, I am getting an error saying “Error on outstanding amount”. Please advice as to what i should do. Thanks in Advance

Sir, what should we do we where study in management seat for btech in kerala now the government has been announced that the repayment scheme is only available for the students who where obtained in government seat sir basically who ever obtained an admission in a govt seat have a less amount considering with management seat students and we also have facing different types of problem due to the lack of job availability in the society . Sir management students don’t have any right to obtained such helping scheme from the government now the government has announced that basic payment for nurses have raised up to 20000 and also they have the availability to obtain these scheme both management and government seat students why the government have been avoiding us from this scheme Sir please consider all of us we also need the support from the government

I applied got education loan subsidy 2017 through elrs with another person’s pancard.that time I don’t have a pancard. Now I get the pancard. But I already submitted the online application to bank. No editing option is there. We can just view it.The bank is not accepting my application.what will I do?

According to the guidelines we should obtain a Eligibility certificate issued by the village officer. As per the format of this certificate, the village officer has to certify that he/she knows the person for the last three years. There are chances that the village officer joined recently or he/she knowing the person less that three years (may be even months). In that case, can you advice what can be done? Is this condition “Know the person for the last three years by village officer” mandatory? Please advice. Thanks,

I have not paid the loan amount for past 2.5 years. And bank is saying that i doesn’t belong to NPA account as i paid more than the installment amount. Could you please tell me whom to contact in this case if bank doesn’t agree for this

I HAVE COMPLETED BTECH ON 2015 JUNE AND I STARTED REPAYING THE LOAN FROM APRIL 2016.BECAUSE OF SOME REASONS I COULD’NT PAY THE AMOUNT FOR 5 MONTHS.SO BANK TOLD IF I DIDNT PAY AN AMOUNT OF 7000 THEY WILL PUT ME IN NPA LIST.SO I PAID THE AMOUNT 7000 ON LAST MONTH AND NOW I AM NOT IN THE NPA LIST.CAN YOU PLEASE SAY AM I ELIGIBLE FOR THIS EDUCATIONAL LOAN SUBSIDY SCHEME

SIR I STUDIED MASTER OF ENGINEERING FROM TAMIL NADU IN MANAGEMENT QUOTA ,(2011-2013) MY LOAN ACCOUNT IS NPA,I DONT GET ANY JOB.IS AM ELIGIBLE FOR ONE TIME SETTLEMENT.(LOAN AMOUNT-214000).MY FAMILY INCOME BELOW 200000

I took loan from sbi on 2004,bank sold my account to Reliance financial company.Government already cut intrest and my due is 2lakh as per Reliance. I can submit documents? Bank said no subsidy with Reliance handling accounts

Sir , I took 3lakh for the period 2011-2015, frm canra bank. And i started repaying in march 2017. And only 20000 repaid. Am i come under npa category. Or in which category i have to apply. I asked to bank manager he is not giving the proper information about the same.

Sir , I took 3lakh for the period 2011-2015, frm canra bank. And i started repaying in march 2107. And only 20000 repaid. Am i come under npa category. Or in which category i have to apply. I asked to bank manager he is not giving the proper information about the same.

My loan was sanction on 2006 december and completed the course in 2010 …. I started paying it from 2012 January onwards, 3000 rs per month uptill last month(uptil july 2017) without any fail. Already I payed 75 {85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} of principal amount as of now, Does my loan come under NPA??

I TOOK 3,28000 VBS loan from gramin bank . course periode is 2009 t0 2012 . i repayed the amount of 142100 now outstanding amount is 4,25956 rupee.am i eligible for npa ? . which scheme i should repay loan ?, last 4 years i worked but the salary is not enough to pay the intrest amount also at the same trime i got a offer from anothetr company then i left my previos job but still noew i am not employed in my new company stii they are not giving any response now . now am like a jobseeker. i didnt have any idea about how i need to do the repayment.

sir, I took educational loan of rupees 2,50,000 on 2010 from Federal bank. I have completed my BSc nursing course on 2014 and I have cleared all the subjects. I started repay the amount. now it is about 1,50,000 rupees pending. can I get elrs benefit ?

Hello sir, I heard that the particular scheme is not applicable to management quota students of engineering.actually we are very much disappointed with the large loan amount when compared to merit quota students…Please consider us too…we are also there with no job no salary…only have lots of ‘pucham’ from relatives and neighbors. Please consider management quota students of engineering too.

Sir,l have taken loan of amount 230000 during 2007-2011 and started the repayment from 2013 onwards.l have repaid 150000 and an amount of 100000/_as OTS amount on August 2016.Can I apply for the scheme?

Sir, I took 3.2 lakhs Rupees from kerala gramin bank on 2013 july and completed my course on 2016 june. I had Repayment holidays till july 2017 and i started my payment from july 2017 onwards. sir, i am eligible for any of the scheme ?

Sir, in the registration part, after entering the details and uploading documents, i clicked the submit button, but no id / password was received in my mobile number/mail id. Again, I refreshed the page and again filled the page and uploaded documents, but still after submitting ,nothing was receivd.. Why is it so? Whom can I contact to fix this?

Sir,I have taken loan from Canara bank during the period 2007-2011.The amount taken is 230000/-.lhave repaid 150000 previous years and an amount 100000 as OTS on August 2016 by taking another loan .Can l apply for this repayment scheme?Will l get any amount back which I have paid?

Iam santhi from palakkad . i have completed engineering course from a private engineering college ,tamilnadu. in the year 2012. i had availed loan from sbi palakkad. am i eligible to apply under elrs scheme announced by kerala govt?

Sir, After completing registration I found that my tenth standard ROLL NUMBER was entered WRONG by mistake. Now I am unable to edit the same. Can I edit it before submitting to the bank? Kindly reply..

Sir, I have taken 4 lakhs rupees as educational loan for my studies.The course duration was 6 years(2011-2017).I completed my course and Iam about to repay the loan.Can I apply for the scheme?? If not when can I apply??

Hi, I’m facing one issue(8th Aug 2017). After providing the required details and uploading the documents, when the ‘Submit’ button is clicked, the page loads and goes back to the initial ‘Student Registration’ button page, so that the registration is not getting successfully completed. I have tried multiple times but it’s not resolved. Can you please help me here.

I started repaying my loan since 2012 as regularly and one more year is remaining with loan amount of one lakh rupees. I have registered for this scheme and going to submit the application now.

When I will get the benefits once I submit under this scheme ? Meanwhile I should pay the installment amount or I can wait until get the benefit ? If I can not pay monthly installments after this submission, it will comes under NPA or not ?

Sir, after completing registration I found out that my 10th standard ROLL NUMBER was entered WRONG by mistake. Now I am unable to edit the same. Can I edit the roll number before submitting the application to the bank? Kindly help..

Hi, I am studied in a self financing college in erode, Tamilnadu under Anna university. I took 232500 rs and repaying emi. can I eligible for this scheme. because most of the students studied outside of kerala is in management quota. so only students studied in kerala eligible for this scheme?

Sir registered with all documents but at the end of registration I click submit button user ID password not came in mobile and system too. But I tried to reset register but system says allready registed. How I can collect the username and password.? Please help me

If i belongs to standard loan account and my current loan amount is 1,60,000. So by these scheme i need to repay 40,000 annualy for 4 years ? which means for 1 st 2nd 3rd and 4th year government ready to pay 36000(90{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb}) , 30000(75{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb}) , 15000(50{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb}) , 4000(10{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb}) respectively ! please clarify the sharing ratio….

hey, i try to registered on the first day when the site host,And after that i got a popup that the registration completed but i wont get any username and password. when i try to registered once again the message is the “10th roll number is already registered”. please tell me reason why its happened

Hello Sir, During the period 2011 to 2015 I took education loan of amount 2.45 lakhs for B.Tech course (merit seat). I only started my repayment on july 2016 and about 1.2 lakhs remitted now. As per govenrment rule Am I eligible for the subsidy?

I have taken edu loan of nearly 90,000/- in 2010 as one time installment for my PG. i have done a paramedical course from a central govt institute I completed my course in 2013 Jan as i had break in my masters due to medical reasons. Now i am working with annual income 3lac. Am I eligible for this scheme ? i am repaying the loan with interest and small loan amount as EMI

hello, I have availed an education loan of 96,000/- in 2010 as one time installment for my PG. I am repaying it with the interest amount and some minimum loan amount, now it is around <1lac. I am eligible for this scheme?

In the eligibility certificate format to be signed by the gazetted officer, there’s a clause which declares that “I hereby certified that I do not have a job in the formal/informal sector…”. So my question is, are currently working salaried employees with annual income below the upper limit eligible for this scheme ?

Myself Arbin, I took loan from ICICI bank during 2011. I complete my course on 2015 and started repaying on June 2017. Also, my loan is automatically restructured by the bank itself on 2017. My queries are,, (1) ICICI bank is not listed. What is the solution? (2) Am I eligible for this scheme? (Loan amount : 145000)

SIR I HAVE SUBMIT MY ONLINE REGISTRATION DETAILS ON 5/8/2017.BUT I DID’NT GET ANY USER ID OR PASSWORD ON MY REGISTERED MOBILE NUMBER AND MAIL ID. I HAVE TRIED AGAIN FOR ONLINE REGISTRATION BUT IT SEEMS THAT ALREADY REGISTERED

I took 400000 Rs education loan in the academic year of 2009-2013 from SBI Thripunithura (Ernakulam district). I repaid around 55{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} of the total amount( 13.5{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} interest/month). I was a BE Electronics and Communication Engg: student, passed out from PSN college of engg and Tech,Tirunelveli which is affiliated to Anna university. Our family annual income is less than 400000Rs. Am I eligible for NPA? And the next thing I would like to inform you is, OTP sending failed for me all the time.So I am unable to register.What should I do?

I took 150000 rs educational loan from canara bank for the year 2012-2016. And i have repayed 3500 on 20th july 2017. and i completed the course on 2016 june. Am i eligible for NPA? In which scheme should i repay my loan.

I have taken Loan amount of Rs. 3.75 lacs and I have made payment of Rs. 2.55 Lacs . And i didn’t make any payment after february 2015 . Now i need to repay back 1.89 lacs . Its almost 2 years and 7 months i didn’t make any payments . Do my account come under NPA ?? And one more thing when i contacted bank they are saying that i doesn’t come under NPA as i paid more than my installments till now. But i didn’t pay all the installments. If i need to pay all installments it should come around 4.5 lacs. Please tell me whom to contact in this case

Hello sir, I took loan amount 3,40000 from canara bank in the period of2009-2013. I was an engineering student in management seat.I started repayment from 2014 till now. My family income is below 6lakh Am I eligible for any of the scheme mentioned?

SIR , I TOOK LOAN OF RS.320000 FOR MY BACHELOR EDUCATION (JUNE 2014-MAY 2017) FROM CANARA BANK .I HAVEN’T STARTED PAYING LOAN AMOUNT BACK AS I DIDN’T GET ANY JOB SO FAR . SO PLEASE LET ME KNOW WHETHER I’M I ELIGIBLE FOR THIS SCHEME OF LOAN REPAYMENT .

If you are not paying the EMIs in a regular manner, chances are high for you account to be marked as NPA. There are different levels for NPA alassification. Please contact the bank for information on this.

I have loged in elrs.kerala.gov.in and created a account, I have also received the loginID and password to my registered mobile number. Now when I try to login with the provided credentials, Its is saying that the loginID and Password is invalid. I have sent a mail to elrs.nic-ker@gov.in regarding this issues and no reply from them yet.

We were able to get through the ELRS portal through the user ID and password allocated to us. However, many of the commentators here are also experiencing what you face. We have contacted the Kerala Govt. authorities handling elrs.kerala.gov.in to rectify this error. Hope that we will get a response at least on Monday.

Sir, I have also same problem ,i have submitted the registered foam ,but i dint get msg from the server . when i submit the foam google chrome ask me for saving user ID and password. that was user ID is in Phone number and password i dont knw ,i think it is genarate OTP number.. please reply me how the ID and Password will get

Hi Sir i have changed my password last week now i cant login to my home page. password and username is correct but after entering password and username it is not going to home page it is just in the login page itself Any one please help me.

i tried to register but i couldnt submit..i uploaded certificates, but not getting submitted.and no reg id and passwrd generated.. dont know why.. did u face any such issues? u studies state syllabus/cbse? and you uploaded certificates of what file size?

Looks like your education loan comes into the NPA category. You may choose the category 1 NPA and in that case you will 60{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} of the base amount from Kerala Government if you are agreeing to pay the remaining dues. You have to fill the online application and submit the claim form to know about the amount. The amount will appear on elrs.kerala.gov.in once the Indian Bank approve your education loan for subsidy.

Sir, I had completed my degree on 2010 till I didn’t get my degree certificate but I had my course completion and provisional certificate with me. So it will make a problem for applying educational loan support scheme ears.gov.in????

I had taken loan of 3,00,000 during period of 2005 for nursing course and completed the course 2010. Post completion i had repaid amount of 80,000 during this period. Now my salary is not enough for repayment EMI. Am i eligible for this scheme. Kindly advice.

Yes, dear Muarali. Take your time to arrange all the documents and submit the registration form for the Kerala education loan repayment support. It looks like your loan is NPA at the moment. Try to get it regular by paying the subsidized dues.

Nursing students are the only category of applicants who could apply for the Kerala Government’s repayment support even if they have studied under management quota. Open the elrs.kerala.gov.in, and do your registration to claim your benefits.

The Kerala Government has already allocated 900 Crs to this scheme as per budget recommendation. State administration had consulted with banks before announcing this project, and I sincerely hope that they will pump more money if required. BTW there is an upper limit on the amount one could claim.

Just open the website elrs.kerala.gov.in and put all your details. The document required for filling the application form is given in this page. However, t would be better if you arrange the same before proceeding to the registration.

There are some glitches while filling the form First one is if you have studied in CBSE ,then roll number is 7 digit but the portal will accept only 6 digit thing and the major drawback is the eligibility certificate should be countersigned by a grade 1 gazetted officer with their PEN NUMBER,and they won’t do it unless you are very close to one,because if there is any problem with it,that will affect their salary since it’s asking their PEN NUMBER if we approach someone for this signing process,they will definitely ask you that how can they trust you because you have already failed to repay the loan and that’s why you are applying for this scheme,would they be ready to take the chance?? No I don’t think so,even we wont

Hai, I’m Steny Rajan . I had taken 3lakhs from canara bank for the period 2011-2015. And i repaid 20000/- . Am i eligible for this scheme?. I have job. And which eligible certificate from village officer is needed for submitting?.

Yes. You may fill the application form for Kerala Govt.’s education loan repayment support scheme. The format of the eligibility certificate from village office is given in the article, above. You will also get the same while competing registration on elrs.kerala.gov.in portal.

I have registered and I received user ID and password but I don’t able to login now with these details. I don’t find a place for forgot password or reset password. Please let me know how to solve this issue.

Hi What about sharing ratio by government. 90{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} in 1st year 75{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} in 2nd year etc… please explain this.

Hi sir Happy to hear this I have taken loan from SBT on 2011…am i eligible for this scheme..the above information saying about the ending date October 10.so what about the last date of registration sir.

Are you paying the EMIs at the moment? If you’re paying @10K, then it would come around 4.8L, which is above the permissible limit. The annual income of the family is also considered for processing the claim. Hence, you’re not eligible.

Of course you are eligible to apply for the education loan subsidy from the Kerala Government under elrs scheme. If you have not paid the installments for 3 months (90 days) banks would classify your loan account to NPA. In that case, you have to go with category 1 NPA, and opt to regularise the loan by paying some amount. Since you have already paid 50K, One Time settlement is not recommended.

myself Akhil, I took loan of amount around 3,60,000 on 2011. I’m was an engineering student (10-14 batch). i couldn’t pay any amount back to bank because I had very little salary so far. so am I eligible for any of the scheme mentioned above?

You are eligible to apply online for the repayment support scheme at elrs.kerala.gov.in. Please mention whether you have paid any EMI or not? If you didn’t pay a single installment, subsidy for NPA account is applicable. If you choose one-time-settlement, Kerala Government would pay the 60{85750076c19b322c30e4569667a53fe9704f146e1a57d714f26072fdcf6b5afb} of the 360000 INR. You have to pay the remaining amount with interest. Regularisation is also possible.

I have taken a educational loan of Rs 126000 from state bank of india for MCA course during the period 2014-2016. Now I knew that I have to pay 158713.when I enquired with the bank I am told my repayment starts from next months onwards.I would like to know that am I eligible for the loan subsidy under ELRS